Ground-breaking UK Export Finance deal secures huge investment in North-East England ...Middle East

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Ground-breaking UK Export Finance deal secures huge investment in North-East England
UKEF and K-Sure have secured support worth £367 million for South Korean manufacturer SeAH Steel Holding’s construction of a wind tech factory near Redcar, in the Tees Valley. The transaction supports the creation of up to 750 jobs by 2027 and cements the North-East’s place as a centre of expertise and employment for renewable energy. This is UKEF’s first ever guarantee for inward investment issued under its ‘Invest-to-Export’ Export Development Guarantee product, signalling the availability of multimillion-pound support for companies investing in new UK exporting opportunities. The transaction is also the first joint financing between UKEF and K-Sure for a UK investment by a Korea

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